monday.com Ltd. (NASDAQ:MNDY) Shares Purchased by Vestcor Inc

Vestcor Inc lifted its position in monday.com Ltd. (NASDAQ:MNDY) by 16.0% in the fourth quarter, Holdings Channel reports. The firm owned 602 shares of the company’s stock after acquiring an additional 83 shares during the period. Vestcor Inc’s holdings in monday.com were worth $142,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. FMR LLC raised its stake in monday.com by 112.0% during the 3rd quarter. FMR LLC now owns 1,512,094 shares of the company’s stock valued at $420,014,000 after acquiring an additional 798,791 shares during the last quarter. Jennison Associates LLC raised its stake in monday.com by 13.7% during the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock valued at $195,606,000 after acquiring an additional 100,333 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in monday.com by 2.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 600,379 shares of the company’s stock valued at $166,767,000 after acquiring an additional 14,304 shares during the last quarter. State Street Corp raised its stake in monday.com by 3.8% during the 3rd quarter. State Street Corp now owns 587,879 shares of the company’s stock valued at $163,295,000 after acquiring an additional 21,585 shares during the last quarter. Finally, Two Sigma Advisers LP raised its stake in monday.com by 2.9% during the 3rd quarter. Two Sigma Advisers LP now owns 540,300 shares of the company’s stock valued at $150,079,000 after acquiring an additional 15,300 shares during the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on MNDY. KeyCorp raised monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price objective for the company in a research note on Tuesday, February 11th. Jefferies Financial Group upped their price objective on monday.com from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Needham & Company LLC increased their target price on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Tigress Financial increased their target price on monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Barclays increased their target price on monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $354.45.

monday.com Price Performance

NASDAQ MNDY opened at $257.23 on Wednesday. monday.com Ltd. has a 1-year low of $174.75 and a 1-year high of $342.64. The company has a market capitalization of $12.42 billion, a P/E ratio of 428.72, a PEG ratio of 16.53 and a beta of 1.27. The business has a 50 day moving average price of $267.18 and a 200 day moving average price of $269.58.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. On average, research analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

About monday.com

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally. The company provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools.